Greivis Vasquez Traded to New Orleans

The Memphis Grizzlies have swapped guard Greivis Vasquez to the New Orleans Hornets for guard/forward Quincy Pondexter in a move designed to boost their depth with Darrell Arthur out for the season. [...]

Vasquez played in 70 games and averaged 3.6 points and 2.2 assists as a rookie with Memphis last season.

The Hornets' official blog, the Big Eazy Buzz, says that Vasquez will provide needed depth at the PG position, and should be second on the depth chart behind Jarrett Jack:

With only one point guard on the roster who has extensive NBA regular season experience, the New Orleans Hornets added to their depth at the position, obtaining Greivis Vasquez from Memphis on Christmas Eve. The Hornets dealt 2010 first-round pick Quincy Pondexter to the Grizzlies in the two-player trade.

"We feel this is a trade that benefits both teams," Demps said in a statement. "We will miss Quincy, and we thank him for his efforts, professionalism and work ethic. We are excited to add Greivis Vasquez to our team, organization and community. Greivis is an exciting big guard that plays with a passion that we hope will thrill our fans at the Hive."